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Sewalls Point Single Family Market Report July 2014
Sewalls Point Single Family Market Report July 2014
Sewalls Point Real Estate Snapshot, Residential Sales for July 2014
 
There are currently 48 active listings (Down by 5 homes from June)

13 Residential sales are pending and awaiting close or lender approval (Up by 2 homes from last month)

 
5 Homes sold in July (Unchanged from June)

 
The Sewalls Point single family homes market activity for July 2014 had the same number of closed sales as in June (and May).  The pending numbers rose slightly, while the available inventory is down for the third month in a row.  Activity for the Sewalls Point market has increased, though the decrease in inventory could be troubling for future sales.
The absorption rate is currently 9.6 months better than last months 10.6 but still of room for improvement. It’s not unusual to see a somewhat higher absorption rate for Sewalls Point as we are dealing with generally higher valued properties that can take a bit longer to sell on average.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.
Comparing the results to July of 2013, the inventory ... more

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